State Bank of India (SBI), one of India’s largest public sector banks, has demonstrated impressive growth and performance in recent months. As a key player in the banking sector, SBI’s shares are closely monitored by investors and analysts alike, especially with upcoming financial results on the horizon.
Key Highlights:
- Recent Share Performance:
- SBI shares have gained over 2% in the past week and an impressive 43% over the last year.
- The current trading price on the BSE stands at ₹819.95, reflecting a 1.12% increase on the latest trading day.
- Upcoming Financial Results:
- SBI will announce its Q2 FY25 financial results on November 8, 2024. It is important to note that the bank will not declare a dividend alongside these results.
- Market Capitalization:
- SBI’s market capitalization is approximately ₹7,31,773.56 crore.
- Dividend Yield:
- The bank currently offers a dividend yield of 1.67%, although no dividends are planned for the upcoming financial results. In the past year, SBI declared an equity dividend of ₹13.70 per share.
- Institutional Holdings:
- Institutional investor holdings have slightly increased from 34.79% to 34.81%.
- Mutual fund holdings rose from 11.12% to 11.46%.
- Conversely, FIIs/FPIs decreased their holdings from 11.15% to 10.71%.
- LIC Stake:
- The Life Insurance Corporation of India (LIC) holds a 9.31% stake in SBI, which equates to 822,743,751 shares.
- 52-Week Price Range:
- The highest share price in the last year was ₹912.10, while the lowest was ₹543.15.
- Performance Overview:
- In the last month, shares have increased by over 3%.
- There has been a decline of over 8% in the last three months.
- The stock has gained 10% over the past six months, delivering a 28% return year-to-date.
- Over the last five years, shares have surged by an impressive 204%.
- Analyst Recommendations:
- ICICI Securities has recommended buying SBI shares, setting a target price of ₹1000.
- Dividend History:
- SBI has declared a total of 23 dividends since July 2, 2001, and last split its shares from ₹10 to ₹1 on November 20, 2014.
Disclaimer: This summary is for informational purposes only and should not be considered financial advice. The performance of State Bank of India (SBI) shares mentioned herein is based on current market data and trends, which are subject to change. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. The author does not guarantee the accuracy or completeness of the information provided and assumes no responsibility for any financial outcomes resulting from the use of this summary.
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